Welfare Consequences of Sustainable Finance

We thank Stefano Giglio (Editor) and two anonymous referees for helpful comments. We also thank Lars Hansen (discussant), John Hassler (discussant), Martin Oehmke (discussant), Marcus Opp (discussant), Lukas Pomorski (discussant), Chester Spatt (discussant), Luke Taylor (discussant), Patrick Bolton, Darrell Duffie, Jack Favilukis, Ron Giammarino, Robert Heinkel, Marcin Kacperczyk, Ali Lazrak, Bob Litterman, Fabio Natalucci, Bob Pindyck, Rafael Repullo, Tom Sargent, Jim Stock, Felix Suntheim, Paul Tetlock, Jerome Vandenbussche, Xavier Vives, Michael Woodford, and seminar participants at American Finance Association Meetings, BI Norwegian Business School Conference, CEBRA Annual Conference, Columbia University, IESE Banking Conference, IMF Policy Workshop, Korean University Business School, Luohan Academy Conference, National Taiwan University, New York Federal Reserve Bank, Oklahoma University Energy Conference, Peking University, Stanford University, UBC Sauder Business School, University of Edinburgh, University of Virginia, UN-PRI Conference, and Virtual Seminar on Climate Economics (San Francisco Fed) for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• March 29, 2021
• April 15, 2021
• September 3, 2021
• December 29, 2021